Twitter Creator Launches ‘Square’

Twitter co-founder Jack Dorsey announced his new company on Tuesday in appropriate fashion: with a tweet on the network he created in 2006. His new company, Square, allows merchants and individuals accept secure payment from credit (and other) cards using a mobile phone.



The basic idea behind Square is that everyone has this little plastic device in their pocket today, which is a payment card, credit card, debit card or pre-paid card, and they’re using them everywhere, they’re using them to buy anything.

Now Paypal has a competitor, what do you think?

Paypal's got many compititors already. Let's hope Square offers few exciting, user friendly features 😀

Ya Biggie you are right... But there is another addition to that list and Square surely has to do a lot to stand in the market